AUD/USD futures
The AUD/USD pair is below 64 cents.
Given the fact that we have not yet entered the CB interest Rate decline cycle, it might mean a tough road ahead for the Oz dollar.
With so many economies in a contraction phase(in real terms), and we being treated as a proxy for commodities, it is already suffering.
One we start into the rate reduction cycle, the value of the little Aussie battler will fall further.
View attachment 189063
Mick
Given the fact that we have not yet entered the CB interest Rate decline cycle, it might mean a tough road ahead for the Oz dollar.
With so many economies in a contraction phase(in real terms), and we being treated as a proxy for commodities, it is already suffering.
One we start into the rate reduction cycle, the value of the little Aussie battler will fall further.
View attachment 189063
Mick
